Updated Sep 9, 2024
Essex Realty Group Sells 56-Acre Development Site In Ottawa, IL
2200 North 3559th Road
$450,000
Building Size
—
Asset Type
Development Site
Closing
Oct 4, 2022
About this deal
AI
Congratulations to Abe Eilian and Brian Keegan of Essex Realty Group, Inc. on the successful sale of a 56-acre development site located at 2200 N 3559th Rd in Ottawa, IL. The property was sold for a total price of $450,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $450,000
- Date: 10/04/2022
- Market: Ottawa, IL
- Brokers: Abe Eilian & Brian Keegan - Essex Realty Group, Inc.
We are excited to see what the new owner has planned for this 56-acre site in Ottawa, IL. If you have any questions about this sale or are interested in exploring other available properties, please contact Essex Realty Group, Inc.
On the Map
$450,000
Development Site
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Ottawa Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
35.25%
Cash-on-Cash
-10.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93